User Account

All Pages

What are the April account balances

Assignment Help Accounting Basics
Reference no: EM132719893

Question - Al's Plumbing Services has the following account balances as of March 31:

Cash 1500

Accounts Receivable 2,100

Accounts Payable 650

A. Plumber, Capital 2950

The following transactions took place during April:

Services of $ 3,100 were made on account.

Paid April rent of $ 1,100.

Bought $650 of supplies on account. Collected $ 4,000 cash on outstanding customer accounts.

Made payments on account $500.

Instructions -

1. Journalize April's transactions.

2. What are the April 30 account balances? Hint: You may wish to use T accounts.

Reference no: EM132719893

Questions Cloud

Change of annual rate for portfolio : If the market interest rate is expected to be reduced in 2020, what will be the change of annual rate for each portfolio in 2020? Which portfolio is preferred?
What arguments were given for the speakers views : Using Internet resources, research script or video materials from the final 2008 presidential debate between Barack Obama and John McCain.
What is the product lines segment income : Assume the information for one segment of a company, What is the product line's segment income? Variable selling/administrative costs 130,000
Calculate the repricing gap and the impact on net interest : Consider the following balance sheet positions for a financial institution. Rate-sensitive assets = $ 250 million, Rate-sensitive liabilities = $ 125 million.
What are the April account balances : Bought $650 of supplies on account. Collected $ 4,000 cash on outstanding customer accounts. What are the April account balances
What is the current share price of stock : If you would rather have equal dividends in each of the next two years by creating homemade dividends, what would be the cash flow for Year 1 and Year 2?
Discussion about the interprofessional collaboration : This reflection journal also allows students to outline what they have discovered about their professional practice, personal strengths and weaknesses.
Create schedule calculating the balance in blue spruce : Net sales for 2020 were $79 million,Make a schedule calculating the balance in Blue Spruce Corp.'s Allowance for Doubtful Accounts at December 31, 2020
What was Mattel cost of goods sold : Mattel had sales of $5,970,090, total expenses of $5,370,097 and gross profit of $2,777,300. What was Mattel's cost of goods sold for 2007

Reviews

Write a Review

Accounting Basics Questions & Answers

  Income tax on the winnings

Mock cashed in the ticket, and gave $500,000 to Tuhi. Who owes income tax on the winnings? Did Mock make a gift to Tuhi?

  Discuss the local bank for a loan to expand her business

Diane Gobin is the founder and manager of Gobin's World. Diane has approached the local bank for a loan to expand her business

  Find out the number of periods and the rate per period for

determine the number of periods and the rate per period for each of the followingrate compounded years no. of periods

  Why working capital management is important to all companies

Question - Financial Statements Analysis - Why working capital management is important to all companies

  Show the relevant extract for the income statement

Mega Bhd. purchased a new piece of equipment which was priced at RM400,000, Show the relevant extract for the income statement

  Calculate cost of debt cost of new common stock

Calculate cost of debt, cost of new common stock, cost of preferred stock and cost of retained earnings.

  Sonesta owed one creditor 250000 did not have enough cash

sonesta owed one creditor 250000 did not have enough cash to repay the debt. sonesta would issue 100000 shares of

  Determine the amount of the annual depreciation

A truck with a cost of $82,000 has an estimated residual value of $16,000, has an estimated useful life of 12 years, Determine the amount of annual depreciation

  Evaluation of the model in light of the aicpa code

Evaluation of the Model In Light of the AICPA Code of Professional Conduct

  What is the budgeted balance

Caba Corporation's sales budget for the first half of the year is as follows: What is the budgeted balance in the Accounts Receivable account as of June 30

  Making tools for capital investments-budgeting

Evaluate decision making tools for capital investments, budgeting, and budgeting controls.

  Which amounts represents the maximum capital cost allowance

During the current year, Denos Corporation incurred costs of $45,000, Which amounts represents the maximum capital cost allowance claim in the current year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd